Atlanta Fed’s Bostic: Upside Inflation Risks Show Need to Start Tapering
–Sees First Funds Rate Hikes ‘More Than A Year Off’ –Doubts Tapering Will Have Much Economic or Financial Impact –Price Stability ‘Could Be On The Line In Coming Months’ –Persistent Wage-Price Pressures Could ‘Unanchor’ Inflation Expectations By Steven K. Beckner (MaceNews) – Atlanta Federal Reserve Bank President Raphael Bostic sounded somewhat of an alarm about […]
Supply Bottlenecks Punish German Economic Sentiment in October
ZURICH (MaceNews) – Economic sentiment in Germany fell in October as supply bottlenecks for raw materials and intermediate products hamper the economy, according to the latest report from the ZEW Institute in Mannheim. The ZEW index of economic sentiment fell 4.2 points to 22.3 in October, below the 24.0 median of an Econoday survey of […]
Italy’s Government Tensions Likely to Spike Over Upcoming Thorny Competition Law – Sources
By Silvia Marchetti ROME (MaceNews) – Rome’s government is expected to clear by the end of October a key thorny competition law aimed at supporting investments, a law which is likely to further raise tensions among ruling allies, according to coalition sources. The decree, which was meant to be initially approved ahead of the summer, […]
Japan Aug Household Spending Slips Amid 5th Wave of Pandemic, Bad Weather
By Max Sato (MaceNews) – Japan’s household spending plunged in August as people were cautious about shopping or traveling amid the fifth wave of pandemic that was causing hospital bed shortages in major cities, data released Friday by the Ministry of Internal Affairs and Communications showed. Heavy rains from mid-August caused damage and disrupted traffic […]
ANALYSIS UPDATE: Japan PM Kishida Inherits Thorny Economic, Social Change Targets
By Max Sato (MaceNews) – Japan’s new Prime Minister Fumio Kishida is facing the same tough economic and social challenges that his predecessors tackled or created, leaving him no choice but to draw up longer-term plans to embark on a fundamental change. The soft-spoken former foreign minister, who leads the conservative Liberal Democratic Party, has […]
FACT SHEET: THE BIDEN-HARRIS ADMINISTRATION’S NEW APPROACH TO THE U.S. – CHINA TRADE RELATIONSHIP
WASHINGTON (MaceNews) – The following is a fact sheet issued by the U.S. Trade Representatives Office and the White House, summarizing the comments by USTR Katherine Tai Monday in an appearance at the Washington think tank CSIS: Joe Biden ran for president on a promise to restore the backbone of this country, the middle class. […]
BOJ Sept Key Tankan Business Sentiment Up But Outlook Uncertain
— Higher Energy, Commodities Markets Support Some Producers— Automakers Report Worse Sentiment As Supply Constrains Linger— Face-To-Face Service Providers Suffer Amid Covid-19 Spike— BOJ Survey Also Shows Companies Revise Up FY21 Capex Plans By Max Sato (MaceNews) – Higher energy and commodities prices this year further boosted confidence among many manufacturers, big and small, while […]
MaceNewsViews: Commentary – Even With a Prisoner Exchange, China Seen as Heavy-Handed
By Eric Ham WASHNGTON (MaceNews) – Now that China has completed a prisoner exchange with Canada and the United States with high-stakes trade and economic ramifications, its international reputation as heavy-handed and clumsy has not necessarily been improved. Canadians Michael Kovrig and Michael Spavor landed in Calgary, Alberta early Saturday in exchange for Meng Wanzhou, […]
Dallas Fed’s Kaplan, Boston’s Rosengren Departures Leaves Many Questions So Far Unanswered
By Denny Gulino WASHINGTON (MaceNews) – New rules goverinng how Federal Reserve officials handle their personal finances are now imminent as the Fed tries to get them in place before Congress imposes new rules of its own and meanwhile questions abound as to how the case of the Dallas regional bank president has been handled. […]
MaceNewsViews: Commentary – Sorry, Europe, the US – and China – Won’t Let You Sit This One Out
By Denny Gulino WASHINGTON (MaceNews) – The German federal election proceeds as if the choices don’t matter all that much. Regardless of the personalities a relatively centrist coalition will finally endeavor to strike the path ahead, in Germany’s case, a path of least resistance – as long as it can. Climate, stability, prosperity. Chances are, […]